Until December last year Premier Electrics was wholly owned by its founder and chairman Mark Scullion and his wife Tracy. But following a group restructuring the company is now owned by Cavan Limited, a company based in the Isle of Man. Its two listed directors are Mark Scullion and Tony Shivers (managing director).

Let us start with the word "electric," which comes from the noun electricity. "Electric" is an adjective; that is, a word used to describe a noun. Its simple meaning is "operated by electricity." Here are two examples. There is an electric fence around the cows in that field.